SPREADS Jan crush trades firmer to 1.28c/bu while oilshare trades to 31.11%. Dec/March corn trades weaker again, out to 6c carry from 5c. The Dec/Dec inverse trades from 11 1/2c down to 8 1/2c. Dec/March wheat trades from 2c to 2 3/4c carry. The Jan/March bean inverse continues to fade, trading down to 5 1/4c from 7c. Dec wheat/corn trades from 2.10 1/2c down to 2.00 3/4c. PALM OIL Up 29 ringgits, to 3,099 ringgits. Higher on expectations for supplies to tighten in Oct at 1.6 mmt and demand up 5.5%, written by one analyst. NEWS The Dow is up 200 pts with crude oil trading up to $38.92/barrel, and the US dollar down to 93.09. The US trade deficit rose in Sep. as exports continued to...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.